Nordic-based agency brokerage Neonet is offering direct market access (DMA) to the Norwegian equities segment on the Swedish exchange venue Nasdaq OMX Stockholm.
The Norwegian segment on the Stockholm exchange's new INET platform offers trading in the 32 most traded equities listed on the Norwegian Oslo Stock Exchange's regulated market. Market participants can direct orders to the new segment themselves or access it through Neonet's smart order routing technology.
“For Neonet, it is fundamental to develop our services by expanding our reach in line with client demand and ahead of competition,” said Fredrik Lindqvist, president, Neonet Securities. “With the Norwegian equity segment on Nasdaq OMX available to our clients, we now offer the widest DMA reach across all Nordic market venues, lit and dark.”
To date Nasdaq OMX Nordic, the exchange group to which Stockholm belongs, is the only firm of regulated markets that has taken advantage of the provision in MiFID that allows an exchange to trade stocks outside of its home market. It introduced sponsored access via Deutsche Bank to all its exchanges, including Stockholm, Helsinki, Copenhagen and Reykjavik, on 11 November 2010.